Sentences with phrase «tfsa transfer strategy»

Thanks for following up with a more complete description of the TFSA transfer strategy — your readers definitely asked for more information.

Not exact matches

This brings up a number of very interesting issues and a couple of possible strategies for transferring TFSA money from one institution to another.

Assuming that withdrawals are not charged fees (or less fees than the transfer) then someone could do this strategy with the only problem being that they can't recontribute the money in the same calendar year unless they have enough unused TFSA room which is not the situation in Kim's case.

Another strategy to think about if you are looking at a steep transfer fee is to just withdraw the TFSA money from the existing account and then contribute it to the new TFSA account.

There is an article about TFSA Institution Transfer Strategies at http://www.moneysmartsblog.com/tfsa-institution-transfer-strategies/

Also, I used a similar strategy to build my RRSP and TFSA accounts — transfer money from TFSA to RRSP, then put back into TFSA from tax return.

TD Waterhouse has started charging the transfer fee if you do an all redemption from a TFSA, so it seems that the brokerages have caught on to this strategy.

CC's strategy is a way to transfer your TFSA to a different institution without being charged a fee (many institutions charge a fee if you transfer away from them).

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To avoid transfer fees, please read TFSA Institutional Transfer Strtransfer fees, please read TFSA Institutional Transfer StrTransfer Strategies.